Laing O'Rourke MD steps down

13 February 2017 Laing O’Rourke’s managing director of its Engineering Enterprise division is leaving his role.

Former Kier chief executive Paul Sheffield is stepping down now that Laing’s business plans to 2020 are now complete.

“Paul and I feel that now is an appropriate time for him to step off and make way for others currently in the business with longer horizons,” said chairman Ray O’Rourke.

When Sheffield arrived in 2014, having just left Kier, he indicated that he expected his time at the company to have a relatively short horizon.

He took over as managing director of Engineering Enterprise in May last year, having previously been Europe Hub chief before the firm moved from a geographical structure to one focused on three separate sectors.

“I know the leadership teams in place across the business will continue to ensure that clients’ commitments are delivered with certainty,” said Sheffield.

In January, it was revealed that Laing O’Rourke suffered a £93m write-down on its Canadian hospital PPP project, which severely dented its profits.

This page was last updated on:
23 February 2018.

thumb

Fáilte Project Ireland 2040

The industry has welcomed (Fáilte) the ambition of the Irish government’s National Development Plan, albeit with a healthy degree of scepticism as to its implementation

thumb

‘A Great Journey’

Phillip Hall, MUFG’s head of structured finance for EMEA, tells Paul Jarvis how the bank is evolving to thrive in the changing PPP world

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...